Tag: payment_stablecoin
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Federal Reserve Seeks Public Comment on Payment Stablecoin Rules Under GENIUS Act
The Federal Reserve Board is requesting public comment on two proposals to build a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentBankingFinancial MarketsLegalComputers and Internet Federal Reserve Boardpayment stablecoinGENIUS Actstablecoin regulationpublic commentBoard of Governors of the Federal Reserve SystemWashington DCU.S. Federal Reserve
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Federal Reserve Proposes Customer ID Rules for Payment Stablecoin Issuers
The Federal Reserve Board proposes new rules for payment stablecoin issuers, requiring effective customer identification programs. This aims to boost transparency and reduce risks in digital assets, seeking public comment on the mandate for verifying customer identities.
BusinessPolitics and GovernmentFederal GovernmentEconomyBankingLegalFinancial Markets Federal Reserve BoardPayment stablecoinCustomer identification programDigital assetsFinancial regulationPublic commentFinancial stabilityU.S. Federal Reserve
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OCC Proposes New Reporting Requirements for Stablecoin Issuers Under GENIUS Act
The OCC is proposing new weekly and quarterly reporting forms for payment stablecoin issuers under the GENIUS Act. Comments are invited on these forms, which aim to implement regulatory requirements for stablecoin activities.
BusinessPolitics and GovernmentScience & TechnologyEconomyFederal GovernmentBankingFinancial MarketsLegal OCCGENIUS ActPayment StablecoinFinancial RegulationDigital AssetsReporting FormsFederal RegisterOffice of the Comptroller of the Currency (OCC)